What is Web3?

A policy brief published by the Bennett Institute for Public Policy at the University of Cambridge defined Web3 as "the putative next generation of the web's technical, legal, and payments infrastructure—including blockchain, smart contracts and cryptocurrencies."

How many Web3 companies are there?

As more legacy companies shift to a Web3 state of mind, and the number of Web3 startups grows, a pattern will emerge, one where the old world, that of Web 2.0, will slowly disappear, being replaced by the new order — the twenty-five Web3 companies mentioned in this post are some of the earliest.

Is Web3 the future of the Internet?

Summary. Web3 is being touted as the future of the internet. The vision for this new, blockchain-based web includes cryptocurrencies, NFTs, DAOs, decentralized finance, and more. It offers a read/write/own version of the web, in which users have a financial stake in and more control over the web communities they belong to.

Is Web3 the new Metaverse?

Web3 is now being embraced by savvy incumbents, and even being integrated into the fabric of existing institutions it was once meant to challenge and overthrow. In 2023, the excitement of the grand metaverse dream—a virtual, augmented-reality online existence championed by tech giants including Meta CEO Mark Zuckerberg—vanished.